1
1.0
Apr 6, 2021
04/21
by
CSPAN
tv
eye 1
favorite 0
quote 0
in her own economy. increased involvement of women in the workforce, as you have indicated have promoted advances for the united states and to raise family income. but the labor force participation has leveled off at a rate that is lower that we have seen in many advanced economies. looking for the reasons it looks our failure to provide available on - - affordable childcare and paid leave is important. as a think about her own policies in the united states moving forward, i would say it makes sense to focus on enhancing benefits in those areas, particularly to promote a more inclusive environment for women to participate in the labor market. the imf and world bank have prioritize similar steps around the world including legal rights and equality for women in many countries where they are hundred by legal barriers and social barriers supporting their participation to women and other programs spent the next question comes from a young professional at the chicago council on global affairs. >> thank you. se
in her own economy. increased involvement of women in the workforce, as you have indicated have promoted advances for the united states and to raise family income. but the labor force participation has leveled off at a rate that is lower that we have seen in many advanced economies. looking for the reasons it looks our failure to provide available on - - affordable childcare and paid leave is important. as a think about her own policies in the united states moving forward, i would say it makes...
23
23
Apr 10, 2021
04/21
by
KQED
tv
eye 23
favorite 0
quote 0
economy. that's happening now. that means you're vulnerable to not having enough money to borrow when the next crisis comes, which is the time when you really do need to be able to borrow. and it means that you're weaker, kind of in a geopolitical sense. we know that right now competition with china is heating up, yet china owns $1 trillion of our debt and continues to lend money. that, it makes us more vulnerable, in ways that we really don't want to be. whether you're the biggest conservative and you want tax cuts or the biggest progressive and you want big new spending, if your money is going to interest payments, you can't choose between either of those. so, it shrinks the pie. and the last thing i would say is, if you're borrowing for productive investments, that's one thing, but the history of the debt in this country is that, more oen than not, we are borrowing just because we don't want to pay the bills. and that's not the right reason to hand on a big mountain of debt to the next gene
economy. that's happening now. that means you're vulnerable to not having enough money to borrow when the next crisis comes, which is the time when you really do need to be able to borrow. and it means that you're weaker, kind of in a geopolitical sense. we know that right now competition with china is heating up, yet china owns $1 trillion of our debt and continues to lend money. that, it makes us more vulnerable, in ways that we really don't want to be. whether you're the biggest conservative...
1
1.0
Nov 23, 2021
11/21
by
CSPAN
tv
eye 1
favorite 0
quote 0
we have gone from an economy that was shut down to an economy leading the world in economic growth. we have gone from small businesses being shuttered to a record number of new small businesses starting up. we have gone from a devastating job destruction to record new job creations. don't get me wrong. we still have a long way to go to fully recover from the pain and destruction caused by the pandemic. we are still dealing with the difficult challenges and complications caused by covid-19 that are driving up costs for american families. i know for a lot of americans, things are still very hard --very hard --but if you look at all the facts --all the facts -- you can only come to one conclusion. we have made enormous progress in this country. first and foremost, our economy is creating lots of jobs. in fact, we have seen a record new job growth in america this year: 5.6 million jobs since i was sworn in on january 20. more jobs at this point in a new presidency than ever before in american history. we have seen a dramatic drop in the unemployment rate, from a high of point -- 14.8 pe
we have gone from an economy that was shut down to an economy leading the world in economic growth. we have gone from small businesses being shuttered to a record number of new small businesses starting up. we have gone from a devastating job destruction to record new job creations. don't get me wrong. we still have a long way to go to fully recover from the pain and destruction caused by the pandemic. we are still dealing with the difficult challenges and complications caused by covid-19 that...
3
3.0
Apr 12, 2021
04/21
by
CSPAN
tv
eye 3
favorite 0
quote 0
we are going to have a different economy. it does not mean a worse economy. if we planned well in advance. everything about educational attainment. if we think about flexibility for people entering the labor market. and everything about where growth is going to come from. in the u.s. there is now a lot of discussion about infrastructure including green infrastructure. we have to have not only support through the crisis, but also injection of a momentum. >> are you going on the record supporting president biden's new infrastructure plan? the american jobs plan? >> for plight sometime -- quite some time we have been in favor of more investment in infrastructure. it boosts productivity here in the u.s.. we think that adding to this, green and social services, social infrastructure, it's positive. we've not seen what the impact may be on growth projections yet, but broadly speaking, we support it. >> minister, how are you tackling these issues with your recovery fund, of course, a huge component of which is green and for structure? how are you thinking of preserv
we are going to have a different economy. it does not mean a worse economy. if we planned well in advance. everything about educational attainment. if we think about flexibility for people entering the labor market. and everything about where growth is going to come from. in the u.s. there is now a lot of discussion about infrastructure including green infrastructure. we have to have not only support through the crisis, but also injection of a momentum. >> are you going on the record...
21
21
Feb 24, 2021
02/21
by
CSPAN2
tv
eye 21
favorite 0
quote 0
economy can really reopen. other countries around the world have the same issues that people will get vaccinated and get the disease under control properly, the second half of this year, the economy could be very good. >> the fact that the savings rate has gone up tremendously in america, does that bode well, perhaps economic activity? >> a lot of that is that people have not been able to spend or travel or two restaurants, forced savings in a way. they'll spend some of that going forward. you are thinking, i think about the fact that the u.s. needs more savings so they have more productivity. it be nice if we had higher savings rate and also would be nice if we didn't have a lot of disk savings at the federal level. it requires a lot of assets, that's something we need to turn to again but this is not the time to be thinking about that. >> thank you. >> thank you, mr. chairman. i want to thank chairman powell, i very much appreciate your right to keep that independent. i know that's been difficult stepped up,
economy can really reopen. other countries around the world have the same issues that people will get vaccinated and get the disease under control properly, the second half of this year, the economy could be very good. >> the fact that the savings rate has gone up tremendously in america, does that bode well, perhaps economic activity? >> a lot of that is that people have not been able to spend or travel or two restaurants, forced savings in a way. they'll spend some of that going...
1
1.0
Nov 23, 2021
11/21
by
CSPAN
tv
eye 1
favorite 0
quote 0
we have gone from an economy that was shut down to an economy that is leading the world and economic growth. gone from small businesses being shuttered to a record number of new businesses starting up and devastating job destruction to record new job creation. and we are still dealing with the difficult challenges of covid-19 driving up costs for american families. and for many families it is still very hard, very hard, but if you look at all the facts you can only come to one conclusion. we have made an warmest progress in this country. first and foremost, our economy is creating jobs, lots of jobs. we have seen record new job growth in america this year. 5.6 million jobs since i was sworn in on january 20. more jobs created at this point in a new presidency than ever before in american history. a dramatic drop in the unemployment rate, from a high of 14.8% in april of 2022 4.6 percent today. earlier this year independent experts were predicting it would take until the end of 2023 to see unemployment that low. our economy is creating new businesses. lots of new businesses. in fact,
we have gone from an economy that was shut down to an economy that is leading the world and economic growth. gone from small businesses being shuttered to a record number of new businesses starting up and devastating job destruction to record new job creation. and we are still dealing with the difficult challenges of covid-19 driving up costs for american families. and for many families it is still very hard, very hard, but if you look at all the facts you can only come to one conclusion. we...
26
26
Apr 10, 2021
04/21
by
KQED
tv
eye 26
favorite 0
quote 0
you jeopardize your economy by having a debt, that could be growing faster than the overall economy, that is happening now. that means you are vulnerable to not having enough money to borrow when the next crisis comes. which is the time when you do need to be able to borrow. and it means, that your weaker in a geopolitical sense. we know that right now competition with china is heating up. china owns $1 trillion of our data continues to lend the money, that makes us more vulnerable than ways and we do not want to be. when they were the biggest conservative and want tax cuts, and or the biggest progressive and your big new spending. if your money is going to interest payments you cannot choose between either of those. the last thing i would say come as you are borrowing for productive investments, that is one thing. the history of the debt in this country, more often than not, we are borrowing, because we do not want to pay the bills for that is not the right to hand on a big mountain of debt to the next generation. which is what we are currently doing. herbert hoover famously clipped
you jeopardize your economy by having a debt, that could be growing faster than the overall economy, that is happening now. that means you are vulnerable to not having enough money to borrow when the next crisis comes. which is the time when you do need to be able to borrow. and it means, that your weaker in a geopolitical sense. we know that right now competition with china is heating up. china owns $1 trillion of our data continues to lend the money, that makes us more vulnerable than ways...
5
5.0
Feb 27, 2021
02/21
by
BBCNEWS
tv
eye 5
favorite 0
quote 0
to normal economy~ 0n _ push back the return to normal economy. on top _ push back the return to normal economy. on top of _ push back the return to normal economy. on top of it, - push back the return to normal economy. on top of it, it - push back the return to normal economy. on top of it, it has l push back the return to normal- economy. on top of it, it has really frozen _ economy. on top of it, it has really frozen ali— economy. on top of it, it has really frozen all of — economy. on top of it, it has really frozen all of the _ economy. on top of it, it has really frozen all of the reform _ economy. on top of it, it has really frozen all of the reform that - economy. on top of it, it has really frozen all of the reform that had i economy. on top of it, it has really frozen all of the reform that had to| frozen all of the reform that had to be done _ frozen all of the reform that had to be done to— frozen all of the reform that had to be done to get— frozen all of the reform that had to be done to get europe _ frozen all of the reform
to normal economy~ 0n _ push back the return to normal economy. on top _ push back the return to normal economy. on top of _ push back the return to normal economy. on top of it, - push back the return to normal economy. on top of it, it - push back the return to normal economy. on top of it, it has l push back the return to normal- economy. on top of it, it has really frozen _ economy. on top of it, it has really frozen ali— economy. on top of it, it has really frozen all of — economy. on...
5
5.0
Jun 5, 2021
06/21
by
KQED
tv
eye 5
favorite 0
quote 0
you jeopardize your economy by having a debt that could be growing faster than the overall economy. that is happening now. you are vulnerable to not having enough money to borrow when the next crisis comes, a time you really need to be able to borrow, and it means you are weaker in a geopolitical sense. we know competition with china is heating up, yet china owns trillions of dollars of our debt and continues to lend money and it makes us more vulnerable in ways we don't want to be. whether the biggest conservative and you want tax cuts, or the biggest progressive and you want new spending, if your money is going to interest payments you can choose between either or it shrinks the plane. the history of the debt in this country is more often than not we are borrowing just because we don't want to pay the bills, and that's not the right reason to hand on the big amount of debt to the next generation, what we are currently doing. >> secretary reich, herbert hoover famously quipped, quote blessed are the young for they shall inherit the national debt. do you disagree with the premise of
you jeopardize your economy by having a debt that could be growing faster than the overall economy. that is happening now. you are vulnerable to not having enough money to borrow when the next crisis comes, a time you really need to be able to borrow, and it means you are weaker in a geopolitical sense. we know competition with china is heating up, yet china owns trillions of dollars of our debt and continues to lend money and it makes us more vulnerable in ways we don't want to be. whether the...
9
9.0
Jul 20, 2021
07/21
by
CSPAN
tv
eye 9
favorite 0
quote 0
it breaks up the bottlenecks in our economy. goods get to consumers more rapidly and less expensively. small businesses create and innovate much more seamlessly. if we increase the availability of quality, affordable childcare, eldercare, paid leave, more people will enter the workforce. these steps will enhance our productivity. raising wages without raising prices. that won't increase inflation. it will take the pressure off of inflation. give a boost to our workforce which leads to lower prices in the years ahead. if your primary concern right now is inflation, you should be even more enthusiastic about this plan. as we pursue fair competition and our economy through the executive order i mentioned, it will drive down prices even further. new businesses will get in the game competing against giant corporations who have been free to ramp up prices because they have not had any real competition. look, the bottom line is this, what the best companies do and what we as a country should do is make smart, sustainable investments wi
it breaks up the bottlenecks in our economy. goods get to consumers more rapidly and less expensively. small businesses create and innovate much more seamlessly. if we increase the availability of quality, affordable childcare, eldercare, paid leave, more people will enter the workforce. these steps will enhance our productivity. raising wages without raising prices. that won't increase inflation. it will take the pressure off of inflation. give a boost to our workforce which leads to lower...
7
7.0
Aug 1, 2021
08/21
by
CSPAN
tv
eye 7
favorite 0
quote 0
economy. chair powell: good afternoon. we are strongly committed to achieving the monetary policy goals that congress has given us, maximum employment and price to billy. the committee cap interest rates near zero and maintained our asset purchases. these measures along with our strong guidance on interest rates and our balance sheet will ensure that monetary policy will continue to support the economy until the recovery is complete. progress in vaccinations and physical policy actions are providing strong support. indicators of employment have strengthened and real gdp this year appears to be on track to post its fastest rate of increase in decades. much of this growth reflects the bounce back connectivity from depressed levels. the sectors most adversely affected by the pandemic of shown improvement, have not fully recovered. household spending is rising at a rapid pace. it's boosted by the reopening of the economy and ongoing policy support. the housing sector remains very strong and busine
economy. chair powell: good afternoon. we are strongly committed to achieving the monetary policy goals that congress has given us, maximum employment and price to billy. the committee cap interest rates near zero and maintained our asset purchases. these measures along with our strong guidance on interest rates and our balance sheet will ensure that monetary policy will continue to support the economy until the recovery is complete. progress in vaccinations and physical policy actions are...
9
9.0
May 2, 2021
05/21
by
BLOOMBERG
tv
eye 9
favorite 0
quote 0
that we have in our great economy. so, really, our focus is on the gaps that we face. and we call them out. talk about them. we try to incorporate into our monetary policy framework the thought that maximum employment, our statutory goal, is a broad and inclusive goal. that is a reference to those issues. and i think we now realize that unemployment can go low for quite a long time without inflation being a problem, which will also tend to help those groups. on that i would stress, of course, we cannot be the primary policy organization that treats either climate change or inequality. you know, we see it through the lens of our existing mandates, but those are very much issues for elected representatives and for other parts of the government more than they are for us. david: come to work sometimes you see people living in tents, in fact they are living in tents, homeless people living in tents. your mandate is not to solve that problem necessarily, but is there anything you think the fed should be able to do or should
that we have in our great economy. so, really, our focus is on the gaps that we face. and we call them out. talk about them. we try to incorporate into our monetary policy framework the thought that maximum employment, our statutory goal, is a broad and inclusive goal. that is a reference to those issues. and i think we now realize that unemployment can go low for quite a long time without inflation being a problem, which will also tend to help those groups. on that i would stress, of course,...
3
3.0
Apr 17, 2021
04/21
by
CSPAN
tv
eye 3
favorite 0
quote 0
we have in our great economy. our focus is on the gaps that we face. we call them out and talk about them. we've tried to incorporate that into our monetary policy and framework, the thought that maximum employment is a broad and inclusive goal. that's a reference to those issues. we also now realize that unemployment can go low for quite a long time without inflation being a problem, which tends to help reserves. on that, i would stress, of course, we cannot be the primary policy organization that treats either climate change or inequality. we see it through the lens of our existing mandates, but those are very much issues for elected representatives and for other parts of the government, more than they are for us. >> let me talk about inflation. the fed, for quite some time, has tried to get through inflation but has not been able to get 2% inflation in the economy. why has it been so difficult to get inflation at 2% or higher? i worked in the government many years ago and we had double digit inflation. we won't
we have in our great economy. our focus is on the gaps that we face. we call them out and talk about them. we've tried to incorporate that into our monetary policy and framework, the thought that maximum employment is a broad and inclusive goal. that's a reference to those issues. we also now realize that unemployment can go low for quite a long time without inflation being a problem, which tends to help reserves. on that, i would stress, of course, we cannot be the primary policy organization...
6
6.0
May 23, 2021
05/21
by
CSPAN
tv
eye 6
favorite 0
quote 0
economy? guest: as you know, i have been -- i have an impact on the -- my buddy larry kudlow and others, we put that together. it was an experiment to see whether we could revise the economy and speed up the economy by lowering our tax rates on american businesses so they could compete more effectively with countries like china, japan, and germany and mexico. and we lowered our corporate rate, but we also lowered the tax rates on american small businesses as well appeared we had something like 8 million small businesses in this country and it was a fabulous success. anyway look at it, we have a massive increase in employment, the biggest gains, family income, in virtually that history of the country. we lowered the poverty rate to the lowest rate in recorded history in the united states. we lowered the number of people who were poor in the country. it was by any measure, it was a huge success for the country in terms of revising and speeding up the economy. i do not understand the logic of rev
economy? guest: as you know, i have been -- i have an impact on the -- my buddy larry kudlow and others, we put that together. it was an experiment to see whether we could revise the economy and speed up the economy by lowering our tax rates on american businesses so they could compete more effectively with countries like china, japan, and germany and mexico. and we lowered our corporate rate, but we also lowered the tax rates on american small businesses as well appeared we had something like...
4
4.0
Jun 17, 2021
06/21
by
CSPAN3
tv
eye 4
favorite 0
quote 0
>> the economy's not -- the economy is still growing, and growing at a very healthy rate. our estimate -- i mean, different people have different estimates, but, broadly speaking, t economists think th economy has the potential to grow at around 2% per year. if you're growing above that then the unemployment rate should be declining, people should be pulled into the labor force, wages should be going up, businesses should be investing. so, i guess, to answer your question a different way, is there a riske that inflation wil be higher than we think? yes, as i said earlier. wets don't have any certainty aboutg the timing or the extent of these effects from re-opening. andnl therefore we don't think that -- we think it's m unlikel that they would materially affect the underlying inflation dynamics that the economy's had for a quarter of a century. the underlying forces around the globe that have created those dynamics are intact, and those are aging population, low productivity, globalization, all of those things that we think have, you know, really held down inflation. all t
>> the economy's not -- the economy is still growing, and growing at a very healthy rate. our estimate -- i mean, different people have different estimates, but, broadly speaking, t economists think th economy has the potential to grow at around 2% per year. if you're growing above that then the unemployment rate should be declining, people should be pulled into the labor force, wages should be going up, businesses should be investing. so, i guess, to answer your question a different way,...
1
1.0
Nov 6, 2021
11/21
by
CSPAN
tv
eye 1
favorite 0
quote 0
it is also good for the economy. a recent survey from the university of chicago showed every economist agreed that requiring staff vaccinations are regular testing among large employers would promote the economic recovery that is faster and stronger than it is now. goldman sachs said these requirements could lead to up to 5 million more americans reentering the workforce. that is because they feel safe to do so. it is because there are fewer disruptions for things like childcare. again, beating covid-19 is one of the most important ways to strengthen our economy, not just save lives, but strengthen our economy, and we are making progress. as of this week, 70% of american adults are fully vaccinated. more than 193 million americans fully vaccinated. with less than 1% when we took office one month ago. one more piece of good news, last night, we received promising news about another potent and potential covid -- if you're infected. we may soon have pills and may treat the fires of those who become infected. we have alr
it is also good for the economy. a recent survey from the university of chicago showed every economist agreed that requiring staff vaccinations are regular testing among large employers would promote the economic recovery that is faster and stronger than it is now. goldman sachs said these requirements could lead to up to 5 million more americans reentering the workforce. that is because they feel safe to do so. it is because there are fewer disruptions for things like childcare. again, beating...
1
1.0
Apr 15, 2021
04/21
by
CSPAN3
tv
eye 1
favorite 0
quote 0
and the economy. and a discussion with the economic club of washington d.c.. >> hello, i'm david rubenstein, president of economic washington d.c., i like to welcome everybody to our 17th virtual event of our 35th season. today, our special guest is the honorable to roam h. powell, chairman of the board of governors of the federal reserve system. before i begin the interview of chairman powell, i'd just like to recognize a few special guests, our international ambassadors that are with us. ambassador -- ambassador singapore, rosemary banks, ambassador of new zealand. philip, ambassador of france. ambassador of -- martin weiss, ambassador of austria. arthur, ambassador of australia. and -- ambassador of thailand. her upcoming events on thursday made the 13th at 12 pm will have a discussion with russia lewinsky, the director of the center of disease control of prevention and the honorable -- may the 20th have the ceo and president of investments. thursday during the tenth, will have john thank you, the
and the economy. and a discussion with the economic club of washington d.c.. >> hello, i'm david rubenstein, president of economic washington d.c., i like to welcome everybody to our 17th virtual event of our 35th season. today, our special guest is the honorable to roam h. powell, chairman of the board of governors of the federal reserve system. before i begin the interview of chairman powell, i'd just like to recognize a few special guests, our international ambassadors that are with...
13
13
Jul 19, 2021
07/21
by
CSPAN
tv
eye 13
favorite 0
quote 1
look, we brought this economy back from the brink. we designed our strategy not only to provide for a temporary boost but to lay the foundation for a long-term boom that brings everyone along. you know, that's why we designed the american rescue plan. to help not just everyone at once but over the course of a full year and beyond. so we could help families at small businesses whether the ups and downs as the economy recovered from a historic pandemic and there are going to be ups and downs. we saw a great example last week. for the first time monthly payments began going out to nearly every working family raising a child in the united states of america. thanks to the expanded child tax credit and the american rescue plan $300 a month going out for each child under the age of 6 and $250 for every child 6 through 17. every month for the next six months with more coming in the spring. that money is a game changer. for some, it is a lifesaver. think of a single mom struggling to put food on the table each month. the parent has to tell the
look, we brought this economy back from the brink. we designed our strategy not only to provide for a temporary boost but to lay the foundation for a long-term boom that brings everyone along. you know, that's why we designed the american rescue plan. to help not just everyone at once but over the course of a full year and beyond. so we could help families at small businesses whether the ups and downs as the economy recovered from a historic pandemic and there are going to be ups and downs. we...
4
4.0
Jan 8, 2021
01/21
by
ALJAZ
tv
eye 4
favorite 0
quote 0
and 1st into lockdown and 1st out china sets of course to become the biggest economy in this decade. 2020 not a year that many would like to look back and remember with any fondness shall we say hundreds of millions lost their jobs many millions succumbed to poverty and more than 1800000 people died from the pandemic the global economy contracted more than at any time since world war 2 with vaccines being rolled out in many rich nations there's a real sense of hope that they'll be a strong recovery this year. well just to keep economies on an even keel governments and central banks has spent a staggering 12 trillion dollars as countries stumble from one lock down to another global debt has soared though to $277.00 trillion dollars more than 3 and a half times the size of the global economy where governments that aren't able to turn to international markets for money have turned to the international monetary fund and world bank the i.m.f. has provided about $100000000000.00 to more than 80 countries and development banks led by the world bank have issued $75000000000.00. hope of a fas
and 1st into lockdown and 1st out china sets of course to become the biggest economy in this decade. 2020 not a year that many would like to look back and remember with any fondness shall we say hundreds of millions lost their jobs many millions succumbed to poverty and more than 1800000 people died from the pandemic the global economy contracted more than at any time since world war 2 with vaccines being rolled out in many rich nations there's a real sense of hope that they'll be a strong...
6
6.0
Sep 2, 2021
09/21
by
CSPAN3
tv
eye 6
favorite 0
quote 0
mixed because it is neither a state economy nor a free-market economy, but an economy in which the state intervenes. how does the state then get the money to spend and intervene in the economy. >> taxation. >> taxation, right. this is a chart of the amount of americans paying federal income tax every year. it is massive. the top line is a percentage of the workforce and the bottom line is a percentage of the population, and there is a massive spike there during what? >> world war ii. >> world war ii. 26% of the workforce files federal income tax in 1940. 87% files a federal income tax in 1946, and then it stays after the war as the kind of norm. the other thing that will be slightly surprising to you is these are the top marginal tax rates in the period. all right? so, the top earners in the 1950s are paying 90 cents on the dollar. it's not that many people, but that's a high tax rate, right? to redistribute to take the wealth and put it back into general circulation. the drop in two steps comes in which decade? >> '80s? >> in the '80s. that's the reagan tax cuts that really drop the top
mixed because it is neither a state economy nor a free-market economy, but an economy in which the state intervenes. how does the state then get the money to spend and intervene in the economy. >> taxation. >> taxation, right. this is a chart of the amount of americans paying federal income tax every year. it is massive. the top line is a percentage of the workforce and the bottom line is a percentage of the population, and there is a massive spike there during what? >> world...
23
23
Jul 14, 2021
07/21
by
KQED
tv
eye 23
favorite 0
quote 0
that's concerning in terms of the future of our economy. but that's not because of the fed, so we pay attention to it, it really matters, but in my view, we don't, it's not something we control. >> jacoby: in our conversation, kashkari was also quick to dispute the criticism that the fed is really just boosting financial markets and helping wall street. there is this idea on wall street that the fed kind of has our back and that because you may have well-intentioned policies that are trying to get everybody to work, there is this side effect, this unintended side effect of just, kind of, really helpinghe rich. >> that argument ignores the benefit to the poor. and if... sure, if you're gonna ignore the benefit to the poor, then we're only helping the rich but, of course, that's an incomplete analysis. when you actually sit down and say, well, let's go through the trade-offs of the choices that the fed has, whether it's interest rates or it's quantitative easing, it's not just about wall street, it's not just about asset prices, it's also abo
that's concerning in terms of the future of our economy. but that's not because of the fed, so we pay attention to it, it really matters, but in my view, we don't, it's not something we control. >> jacoby: in our conversation, kashkari was also quick to dispute the criticism that the fed is really just boosting financial markets and helping wall street. there is this idea on wall street that the fed kind of has our back and that because you may have well-intentioned policies that are...
10
10.0
Jul 3, 2021
07/21
by
CSPAN
tv
eye 10
favorite 0
quote 0
it's continuing to grow our economy. the strength of our recovery is helping out -- helping as flip descriptor instead of workers competing for jobs that are scarce, players are competing with each other to attract workers. that kind of competition in the market doesn't just give workers more ability to earn higher wages. it gives them the power to demand to be treated with dignity and respect in the workplace. more jobs, better wages. that's a good combination. put simply, our economy is on the move and we have covid-19 on the run. yes, we have more work to do to get america vaccinated and everyone back to work. we are aiming for full employment, and that means keeping our pace on job growth including for black, hispanic and asian workers, but this progress is testament to our commitment to grow this economy from the bottom up in the middle out. american rescue plan divided resources to get shots in people's arms and checks in people's pockets. schools, schools were struggling to reopen so we may vaccinating teachers a
it's continuing to grow our economy. the strength of our recovery is helping out -- helping as flip descriptor instead of workers competing for jobs that are scarce, players are competing with each other to attract workers. that kind of competition in the market doesn't just give workers more ability to earn higher wages. it gives them the power to demand to be treated with dignity and respect in the workplace. more jobs, better wages. that's a good combination. put simply, our economy is on...
2
2.0
Jun 5, 2021
06/21
by
CSPAN
tv
eye 2
favorite 0
quote 0
no other major economy in the world is growing as fast as ours. no other major economy is growing jobs as quickly as ours. and none of this success is an accident. it is not luck. it is due, in no small part first of all, to the cooperation of the american people in responding to my effort of trying to get covid under control, wearing masks and getting vaccinated, and in no small part in the bold action we took bypassing passing the american rescue plan. the plan provided resources to get shots in people's arms, underwrite the vaccination effort, enough vaccine supply for every single american, more vaccinators, people to put shots in the arms, and more vaccination sites. now, 52% of american adults are fully vaccinated. 75% of our seniors are fully vaccinated. the american rescue plan delivered economic benefits directly to the american people. because of that law, more than 167 million of those rescue payments of up to $1400 have gone out to individual families. a recent study of census bureau data found just how much these checks mattered. they
no other major economy in the world is growing as fast as ours. no other major economy is growing jobs as quickly as ours. and none of this success is an accident. it is not luck. it is due, in no small part first of all, to the cooperation of the american people in responding to my effort of trying to get covid under control, wearing masks and getting vaccinated, and in no small part in the bold action we took bypassing passing the american rescue plan. the plan provided resources to get shots...
3
3.0
Jan 13, 2021
01/21
by
ALJAZ
tv
eye 3
favorite 0
quote 0
hope of a fast vaccine rollout could see a sharp bounce back to the global economy after a 4.4 percent contraction the i.m.f. is predicting growth of 5.2 percent this year one of the best performing economies was china it's already begun setting its sights on becoming the world's biggest economy this decade as china becomes more self resilient in the face of a u.s. trade war a new biden presidency is unlikely to relent on tariffs so walk away expect from 2021 well let's bring our guests into the show they've got decades of experience in guiding their clients through the economic and political landscape we have joining us from london macro hive chief executive bilal have fees also from hong kong catherine young investment director for fidelity international and from wilcher in the u.k. paul donovan chief economist of u.b.s. global wealth management good to have you with us everyone let's start with catherine in hong kong and so why is china done better than the rest of the world it's one of the few economies that is that's the mated to of growth actually in 2020 when we have been lookin
hope of a fast vaccine rollout could see a sharp bounce back to the global economy after a 4.4 percent contraction the i.m.f. is predicting growth of 5.2 percent this year one of the best performing economies was china it's already begun setting its sights on becoming the world's biggest economy this decade as china becomes more self resilient in the face of a u.s. trade war a new biden presidency is unlikely to relent on tariffs so walk away expect from 2021 well let's bring our guests into...
2
2.0
Sep 4, 2021
09/21
by
CSPAN
tv
eye 2
favorite 0
quote 0
economy. the number of jobs at it was just pointing and lower than what economists hope. wages are going up for those who have jobs. president biden blames the covid-19 delta variant says better times are ahead some people are worried the means going in the wrong direction. what is your opinion? if you are optimistic about the way the economy is going, we want to hear you at (202) 748-8000. if you are pessimistic about the economy, your number is (202) 748-8001. you can always text us your opinion at (202) 748-8003. we are always reading on social media, on facebook at facebook.com/c-span, on twitter @cspanwj, and you can follow us on instagram, @cspanwj. the new jobs report that came out yesterday has many great about the state --has many worried about the state of the economy. i will preview a little bit about what the wall street journal has to say. "u.s. firing slowed sharply in august as the surging delta variant slowed the pace of the recovery. the u.s. added 235,000 jobs last month, the
economy. the number of jobs at it was just pointing and lower than what economists hope. wages are going up for those who have jobs. president biden blames the covid-19 delta variant says better times are ahead some people are worried the means going in the wrong direction. what is your opinion? if you are optimistic about the way the economy is going, we want to hear you at (202) 748-8000. if you are pessimistic about the economy, your number is (202) 748-8001. you can always text us your...
1
1.0
Jun 22, 2021
06/21
by
CSPAN3
tv
eye 1
favorite 0
quote 0
they kept the economy locked down. they are spending money like crazy proposing more, you know, i think a $6 trillion budget the white house is caution, all causing inflation. inflation has went up the last four months and continues to increase. you've got two mandates at the fed, stable employment and low inflation. we've got unstable employment and high inflation and now they are paying people not to work and that may continue and then finally on top of all that they are thinking about raising taxes. i mean, this is amazing to me. first you pay people not to work and then the folks who are working you're going to raise taxes and somehow that's going to help our economy when you've said a couple of times that every single employer i've talked to say they can't find people to work. what do you think about all these policy ideas from the democrats? >> again, it's not my job. >> no, but your job is stable employment and low inflation, and right now we have 9 million job openings and inflation that's went up five months i
they kept the economy locked down. they are spending money like crazy proposing more, you know, i think a $6 trillion budget the white house is caution, all causing inflation. inflation has went up the last four months and continues to increase. you've got two mandates at the fed, stable employment and low inflation. we've got unstable employment and high inflation and now they are paying people not to work and that may continue and then finally on top of all that they are thinking about...
5
5.0
Sep 4, 2021
09/21
by
CSPAN
tv
eye 5
favorite 0
quote 0
and that's the mark of an economy where regular people can see a place for themselves in the economy. you know, the holidays we celebrate this weekend - the holiday, labor day, is about honoring the dignity of work, honoring the american worker. and that's what our economic strategy is all about as well. it's about growing our economy from the bottom up and the middle out, providing some extra breathing room for families - and my dad would just say, "just a little breathing room" - creating an environment where employers have to compete - compete for workers by providing higher wages and better benefits. that's what's happening. wages are up, especially for working-class americans. even so, even with the progress we've made, we're not where we need to be in our economic recovery. there are two critical tasks ahead this month to get us closer to our goal and to take the next steps in our recovery. the first we need to make more progress in fighting the delta variant of covid-19. this is a continuing pandemic of the unvaccinated. since becoming president, i've ramped up testing, secured
and that's the mark of an economy where regular people can see a place for themselves in the economy. you know, the holidays we celebrate this weekend - the holiday, labor day, is about honoring the dignity of work, honoring the american worker. and that's what our economic strategy is all about as well. it's about growing our economy from the bottom up and the middle out, providing some extra breathing room for families - and my dad would just say, "just a little breathing room" -...
14
14
Apr 22, 2021
04/21
by
BLOOMBERG
tv
eye 14
favorite 0
quote 0
hold the economy back. we all want an economy where everyone has the ability to contribute to and benefit from the prosperity that we have. our focus is on gaps that we face. we call them out, talk to them -- talk about them. we try to incorporate into our monetary policy framework the fact that full employment is a broad and inclusive goal, and we now realize that unemployment can go low for quite a long time without inflation being a problem, which will tend to help those groups. on that i would stress, we cannot be the primary policy organization that treats either climate change or inequality. we see it through the lens of our existing mandates, but there's -- those are very much issues for the elected part of the government. david: you see people living in tents, homeless people living in tents. your mandate is not to solve that problem necessarily, but is there anything you think the fed should be able to do or should be given more power to do to help people who are suffering in the pandemic? mr. powe
hold the economy back. we all want an economy where everyone has the ability to contribute to and benefit from the prosperity that we have. our focus is on gaps that we face. we call them out, talk to them -- talk about them. we try to incorporate into our monetary policy framework the fact that full employment is a broad and inclusive goal, and we now realize that unemployment can go low for quite a long time without inflation being a problem, which will tend to help those groups. on that i...
22
22
Jul 15, 2021
07/21
by
CSPAN2
tv
eye 22
favorite 0
quote 1
economy. this is three hours. >> the check is authorized to declare a recess of the committee at any time. as a reminder, i asked all members to keep themselves muted when not being recognized. the staff has been constructed except for a member is not being recognized and there is in it for background noise. members are reminded they may only participate in one proceeding at a time. if you are participating today, please keep your camera on. if you choose to attend our different remote proceeding, please turn your camera off. as a reminder to all members, we will conclude today'sem hearingi believe -- i better check the time before i give you the time. members unable to ask questions in our february 24 hearing with chair powell will be given priority to asking your question today and we will return to our normal order of recognition want those members have asked their questions. before we begin, i will recognize myself to call resolution offers ranking member mchenry. republican members of the
economy. this is three hours. >> the check is authorized to declare a recess of the committee at any time. as a reminder, i asked all members to keep themselves muted when not being recognized. the staff has been constructed except for a member is not being recognized and there is in it for background noise. members are reminded they may only participate in one proceeding at a time. if you are participating today, please keep your camera on. if you choose to attend our different remote...
4
4.0
Jan 17, 2021
01/21
by
ALJAZ
tv
eye 4
favorite 0
quote 0
africa's largest economies lined the shelves at the emmys biggest retail monopoly. prefer these brands traders say they won't be many local goods on store shelves and less government steps in. we should be given support the government should facilitate easy acquisition of land and loans from banks. but it's hard to see how governments on the continent can do. but without breaching the protectionism rules of africa trade agreement and the world trade organization. now the pandemic disrupted some of the world's well oiled global supply chains the spotlight has been thrown on to food security and the environmental cost of flying in food from thousands of miles away but land within city limits can be expensive the solution maybe grow vertical al-jazeera as paul reese reports from stockholm. it's harvest time but not as we know it these very modern farm hands are bringing in the crops from a vertical farm plants growing from the walls instead of the ground no tractors required just a pair of scissors and artificial intelligence senses that feed information on factors lik
africa's largest economies lined the shelves at the emmys biggest retail monopoly. prefer these brands traders say they won't be many local goods on store shelves and less government steps in. we should be given support the government should facilitate easy acquisition of land and loans from banks. but it's hard to see how governments on the continent can do. but without breaching the protectionism rules of africa trade agreement and the world trade organization. now the pandemic disrupted some...
12
12
May 27, 2021
05/21
by
CSPAN
tv
eye 12
favorite 0
quote 2
when it comes to the economy, we are -- the economy, rising wages are not a feature -- are not a bug. they are a feature. instead of workers competing with each other for jobs that are scarce, we want employees to compete to attract work. we want companies to compete to attract workers. that competition in the market does not just give workers more ability to earn a higher wage, it gives the power to be treated respectively in the workplace. you don't have to check your right to be treated with respect at the door. full employment means more options and opportunities for black and hispanic workers. asian american workers, women, who were left behind in previous economic recoveries. when the labor market never tightened up enough. this is not just good for individual workers. it also makes our economy a whole lot stronger. when american workers have more money to spend, american businesses benefit. higher wages and were options for workers are a good thing. a lot of companies have done extremely well in this crisis. good for them. the simple fact is corporate profits are the highest th
when it comes to the economy, we are -- the economy, rising wages are not a feature -- are not a bug. they are a feature. instead of workers competing with each other for jobs that are scarce, we want employees to compete to attract work. we want companies to compete to attract workers. that competition in the market does not just give workers more ability to earn a higher wage, it gives the power to be treated respectively in the workplace. you don't have to check your right to be treated with...
34
34
Dec 1, 2021
12/21
by
CSPAN2
tv
eye 34
favorite 0
quote 3
economy. they were asked about workforce participation, inflation and supply chain challenges. secretary yellen also called on congress to act on the debt ceiling, warning failure to raise it would quote eviscerate the economic recovery. the treasury department estimates the u.s. will reach its borrowing limit on december december 15. [inaudible conversations] [inaudible conversations] >> the committee on banking, housing and urban affairs will come to order.ki today's hearing is in the hybrid format. eyewitnesses are in person. members have the option to appear either in person or virtually. for those joining remotely a few reminders. once you start speaking there would be a slight delay before your displayed on the screen. please put the mute button to minimize background noise. you have been come all of you been through this before so don't need i need to lay this out all that we are doing. are speaking order will be as usual if that is by seniority members have checked in before the gavel
economy. they were asked about workforce participation, inflation and supply chain challenges. secretary yellen also called on congress to act on the debt ceiling, warning failure to raise it would quote eviscerate the economic recovery. the treasury department estimates the u.s. will reach its borrowing limit on december december 15. [inaudible conversations] [inaudible conversations] >> the committee on banking, housing and urban affairs will come to order.ki today's hearing is in the...
28
28
Nov 6, 2021
11/21
by
CSPAN
tv
eye 28
favorite 0
quote 0
our economy is on the move. it historically strong a, unemployment has fallen. it is down 4.6%, and this includes a substantial tax which was needed. our economy is on the move. this morning we learned that in october our economy created 531,000 jobs, well above expectations. we also learn job growth over the prior two months was nearly 250,000 more jobs than previously thought. in total with the job creation in the first nine months of my administration is about 5.6 million new jobs, a record furniture president. that is a monthly average of over 60,000 new jobs each month, 10 times more than the job creation three months before i took office. new unemployment claims have fallen, are down more than 60% since i took office, and are now at the lowest level since the pandemic started. people continue to move from unemployment to work. unemployment has decreased this year by more than any of your since 1950. and not only are more americans working, working americans are seeing their paychecks go up weekly pay went
our economy is on the move. it historically strong a, unemployment has fallen. it is down 4.6%, and this includes a substantial tax which was needed. our economy is on the move. this morning we learned that in october our economy created 531,000 jobs, well above expectations. we also learn job growth over the prior two months was nearly 250,000 more jobs than previously thought. in total with the job creation in the first nine months of my administration is about 5.6 million new jobs, a record...
17
17
Jul 2, 2021
07/21
by
CSPAN
tv
eye 17
favorite 0
quote 2
which will have long-term benefits for our economy. and we are delivering 39 billion dollars to help childcare providers serve more families to help parents, particularly women, get back to work. last month, our economy added 25,000 childcare jobs. again, none of this happened by accident. we are proving to the naysayers and the doubters that they are wrong. none of this is guaranteed to continue unless we finish our work. now is the time to accelerate the progress we have been making eared now is the time to build in long-term foundations. economists of all stripes agree that my plan will create good jobs and drastically strengthen our economy in the long run so we have to continue to make investments that will allow our economy to build back at her. -- better. a bipartisan group of senators forged an agreement with me to move forward on key portions of the american jobs plan. i was just in wisconsin where i highlighted how this agreement will pave the way for a generational investment to modernize infrastructure, create millions of j
which will have long-term benefits for our economy. and we are delivering 39 billion dollars to help childcare providers serve more families to help parents, particularly women, get back to work. last month, our economy added 25,000 childcare jobs. again, none of this happened by accident. we are proving to the naysayers and the doubters that they are wrong. none of this is guaranteed to continue unless we finish our work. now is the time to accelerate the progress we have been making eared now...
23
23
Feb 23, 2021
02/21
by
CNBC
tv
eye 23
favorite 0
quote 0
and for whom is the economy working? >> so you've heard us increasingly in recent years talking about these longer-run disparities and why do we feel that we can do that? it is because they weigh on the economy in the sense that if not everyone has the opportunity to participate in the economy and contribute as much as that person can contribute given his or her talents and abilities and willingness to work and all those things then the economy will be less than it can be. in our country and every country faces challenges and we do face persistent deferentials that are hard to account for and that weigh on the economy and those are racial lines and gender lines and in other lines and i just think it's -- i would say it's widely understood now that we need to do everything we can to bring people into the economy and let them contribute and let them share in the broader prosperity >> thank you, chairman powell. it's clear that the bottom line is that poverty, systemic inequality, wealth inequality are risks to the entire e
and for whom is the economy working? >> so you've heard us increasingly in recent years talking about these longer-run disparities and why do we feel that we can do that? it is because they weigh on the economy in the sense that if not everyone has the opportunity to participate in the economy and contribute as much as that person can contribute given his or her talents and abilities and willingness to work and all those things then the economy will be less than it can be. in our country...
10
10.0
Aug 4, 2021
08/21
by
CSPAN
tv
eye 10
favorite 0
quote 0
it will help the economy. host: the $3.5 trillion budget package seems to be a tougher political lift in the senate. guest: there is a lot of bipartisan support for infrastructure. what's not to like? that is an easy political sell. nothing is easy, but that is easier. the special investments, that is more difficult. if it gets into law, it will have to be passed through reconciliation. that would require only democratic votes in the senate and house. there is better than even en suite going to get a package, it might not be that big. it will be a relatively large package. i think the democrats will get that through into law. host: the terms of hard and soft infrastructure have been used. one piece largely roads and bridges is hard infrastructure, the conciliation package in your view is what is called soft infrastructure. social programs and spending? guest: that is the way people think about it. the heart infrastructure is traditional -- hard infrastructure is traditional. related to the transportation syste
it will help the economy. host: the $3.5 trillion budget package seems to be a tougher political lift in the senate. guest: there is a lot of bipartisan support for infrastructure. what's not to like? that is an easy political sell. nothing is easy, but that is easier. the special investments, that is more difficult. if it gets into law, it will have to be passed through reconciliation. that would require only democratic votes in the senate and house. there is better than even en suite going to...
4
4.0
Mar 17, 2021
03/21
by
CSPAN2
tv
eye 4
favorite 0
quote 0
economy was also clear. congress provided by far the fastest and largest response to any postwar economic downturn. offering physical support for households, businesses, healthcare providers and local governments. here at the federal reserve, we rapidly deployed our full range of tools to provide relief and stability, ensure the recovery will be as strong as possible into limit lasting damage to the economy. we are strongly committed to achieving the goal that congress has given us. maximum employment and price stability. the callout has been real and widespread. some of the very worst economic outcomes have been avoided by swift and forceful action. from congress across government and cities and towns across the country. more people held onto their jobs. more businesses kept their doors open and more incomes were saved as a result of the swift and forceful policy actions. while we welcome these positive developments, no one should be complacent. at the fed we will continue to provide the economy the support
economy was also clear. congress provided by far the fastest and largest response to any postwar economic downturn. offering physical support for households, businesses, healthcare providers and local governments. here at the federal reserve, we rapidly deployed our full range of tools to provide relief and stability, ensure the recovery will be as strong as possible into limit lasting damage to the economy. we are strongly committed to achieving the goal that congress has given us. maximum...